Please do not miss this trade 2.0 ...

Comment:
As you have probably noticed, this week is not fun packed up to now. The reason for this is that the markets in general are correcting. This situation usually creates losses for traders because they become uneasy and they feel that they did not enter the market for so long.

If you recognize that you you have not lost any of your money in these conditions and that you are setting up for the continuations of the moves and you consider these 2 things as gains, then you are on your way to becoming a good trader.

Not losing is winning..

2 months ago

Order cancelled:
this trade is no longer valid

Pressing the like button encourages me to continue publishing my ideas and is highly appreciated...

I have a section on my page under the tag "Educational" that contains a lot of information on my trading method, please take sometime to read it...

hi IT , i'm following in particular two chart you are focusing, gold and eu. it looks to me that we could have to swings high, 1 with gold already in line, one in EU already to confim. but it looks quite interesting at the moment. thanks a lot for your analysis. cheers

love what you just said. I tend to have that mistake always, after earning during volatile periods, I end up losing more money during the correction and when the market is finding its direction. I have a strategy that works, i am still finding the time frame when I should trade, and when I shouldn't. Obviously this week is that shouldn't week.

Hey Ichi, When you say "study the underlying structure", I have a couple questions on the matter.
1. Are there specific types of periods that we should be looking out for (like a correction period, etc.), and if so what are they and how can I learn more about what to expect during these periods?
2. What would one be looking for when studying the structure of the market to know what period we are in and what to possibly expect?

I see that you are now asking me advanced questions and I believe that for those answers to have value, you must first try to find the answers yourself so I will help you find them by asking you some questions:
1. what is the definition if a period?
2. What are the possible scenarios that can occur from one period to another?

Ok, here we go...
1. Period is a market time frame. Typically, for the daily time frame, the market period is considered closed when the US New York session ends at 5 EST. Weekly period is Monday/Sunday - Friday (5 trading days)
2. Price will move higher, lower, or consolidate. (Im not 100% sure if Im giving you the answers you're looking for on this one).

1. Period: A length or portion of time.
2. During a certain period, the market could behave in certain ways including trend, range, bounce off support or resistance, break out.

I think I know what you are saying...If we find a certain structure within the market, for example like this breakout strategy on the EU, then we can trade it if the market behaves in the way we predicted.

Thank you for your continued guidance. I agree that the markets seem to throw off technicals too frequently this week (even last week, personally). I'm doing short, quick trades to capture any pips I can for the rest of the week.